Civic Intelligence

East 3Rd Street Housing Development Fund Company Inc

EIN 30-0148091 • 501(c)2 • New York, NY

Profile

Development of low income housing

228 East 3rd StreetNew York, NY 10001

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

2.37x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

14.05x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Net Margin

6th percentile

-1405%

Higher net margin than 6% of similar nonprofits.

501(c)2 • <$500k nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)2 • <$500k nonprofits • Source year 2024

Asset Growth

71st percentile

0.0%

Faster asset growth than 71% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

-15%

Faster revenue growth than 36% of similar nonprofits.

501(c)2 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

$230,062

No earlier filing loaded for comparison.

Liabilities

$545,915

No earlier filing loaded for comparison.

Net Assets

-$315,853

No earlier filing loaded for comparison.

Revenue

$38,863

No earlier filing loaded for comparison.

Expenses

$584,778

No earlier filing loaded for comparison.

Net Income

-$545,915

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2024: $230,062Liabilities 2024: $545,915Net Assets 2024: -$315,8532024

Highlighted filing

2024

Assets$230,062
Liabilities$545,915
Net Assets-$315,853

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2024: $38,863Expenses 2024: $584,778Net Income 2024: -$545,9152024

Highlighted filing

2024

Revenue$38,863
Expenses$584,778
Net Income-$545,915

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.30$5.46$3.16$0.39$5.85$5.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$38,863
Mission and Program Overview

Mission

Development of low income housing

Program Services

DescriptionGrantsExpenses
PROVISION OF LOW AND MODERATE INCOME HOUSING$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HERMAN HEWITTPresident-$0--
ALBERTO TORESSVice President-$0--
ASTOU FALLSecretary-$0--
MAHBUB HASSANTreasurer-$0--
BETTINA KINDERMANNMember-$0--
THOMAS CHENMember-$0--
LILLIAN NAZARIOMember-$0--
YING LIN CHENMember-$0--
ALFRED ROBINSONMember-$0--
AURA OLAVARRIAMember-$0--
ALISTAIR DUPONTMember-$0--
RONA CLEMENTEExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
East 3rd Street Housing Development
EIN
30-0148091
Phone
2124735940
Address
228 EAST 3RD STREET, NEW YORK, NY 10001

Signing Officer

Name
Rona Clemente
Title
Executive Director
Phone
2124735940
Signed
2025-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Lipsky Goodkin & Co Pc
Address
120 WEST 45TH STREET 7TH FL, NEW YORK, NY 10036
Preparer
Mesug Kim
Phone
2128406444
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 38,863.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: loss from partnership. Amount: 584,178. Description: invesmtnet expenses. Amount: 600. Total to form 990-ez, line 16: 584,778.

Part I Revenue & Expense

The corporation's only source of income is a schedule k-1 from a partnership, which provides low income housing. For 2024, the corporation received a schedule k-1 that showed rental loss from this partnership.

Form 990-ez, Part II, Line 24 - Other Assets

Description: investment in partnership. Beg. Of year amount: 230,062. End of year amount: 230,062.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: investment in partnership. Beg. Of year amount: 0. End of year amount: 545,915.

Raw XML Appendix164 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0DEVELOPMENT OF LOW INCOME HOUSING
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 38,863.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LOSS FROM PARTNERSHIP. AMOUNT: 584,178. DESCRIPTION: INVESMTNET EXPENSES. AMOUNT: 600. TOTAL TO FORM 990-EZ, LINE 16: 584,778.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION'S ONLY SOURCE OF INCOME IS A SCHEDULE K-1 FROM A PARTNERSHIP, WHICH PROVIDES LOW INCOME HOUSING. FOR 2024, THE CORPORATION RECEIVED A SCHEDULE K-1 THAT SHOWED RENTAL LOSS FROM THIS PARTNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: INVESTMENT IN PARTNERSHIP. BEG. OF YEAR AMOUNT: 230,062. END OF YEAR AMOUNT: 230,062.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: INVESTMENT IN PARTNERSHIP. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 545,915.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART I REVENUE & EXPENSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
ReasonableCauseExplanation/ExplanationTxt0THE 2024 FORM 990 WAS FILED TIMELY ON NOVEMBER 12, 2025. HOWEVER, THE RETURN WAS REJECTED INDICATING THE TAX EXEMPT STATUS DID NOT MATCH WITH THE EFILE DATABASE. TO RESOLVE THE IRS DATABASE ISSUE, WE CONTACTED IRS EFILE HELP DESK. THE IRS EFILE HELP DESK ASSIGNED THE CASE NUMBER,IM671234 AND ADVISED US THAT IRS ANALYST WOULD CONTACT US FOR THIS ISSUE. ON DECEMBER 19, 2025, IRS ANALYST, TIWANA HOLLAND, CONTACTED AND INFORMED THAT THE DATABASE WAS UPDATED AND THE RETURN CAN BE FILED ELECTRONIALLY NOW. THE 2024 FORM 990 IS BEING FILED LATE SINCE THE RETURN CAN NOT BE FILED ELECTRONICALLY UNTIL THE IRS DATABASE WAS UPDATED.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RONA CLEMENTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02124735940
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EAST 3RD STREET HOUSING DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FUND COMPANY INC
ReturnHeader/Filer/BusinessNameControlTxt0EAST
ReturnHeader/Filer/EIN0300148091
ReturnHeader/Filer/PhoneNum02124735940
ReturnHeader/Filer/USAddress/AddressLine1Txt0228 EAST 3RD STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIPSKY GOODKIN & CO PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum02128406444
ReturnHeader/PreparerPersonGrp/PreparationDt02025-12-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MESUG KIM
ReturnHeader/ReturnTs02025-12-23T09:15:46-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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